Advance Auto Parts Inc (AAP)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,233,310 | 10,702,160 | 11,273,250 | 11,309,280 | 10,589,100 | 10,810,300 | 11,508,810 | 12,207,320 | 11,994,990 | 11,950,260 | 11,174,010 | 10,421,850 | 11,314,910 | 12,047,780 | 11,803,420 | 11,759,220 | 11,013,650 | 10,288,860 | 10,541,300 | 11,250,440 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,663,080 | 4,264,030 | 1,688,890 | 1,688,890 | 1,694,340 | 1,694,340 | 4,297,830 | 1,663,940 | 4,289,580 | 1,611,120 | 1,567,990 | 1,567,990 | 1,528,310 | 1,483,250 | 3,997,620 |
| Fixed asset turnover | — | — | — | — | — | 6.50 | 2.70 | 7.23 | 7.10 | 7.05 | 6.59 | 2.42 | 6.80 | 2.81 | 7.33 | 7.50 | 7.02 | 6.73 | 7.11 | 2.81 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,233,310K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate sales from its investment in fixed assets. It is calculated by dividing net sales by average fixed assets. Looking at the data provided for Advance Auto Parts Inc, we see a fluctuating trend in the fixed asset turnover ratio over the reported periods.
In September 2021, the fixed asset turnover ratio was 2.81, indicating that the company generated $2.81 in sales for every dollar invested in fixed assets. This ratio increased significantly to 7.11 by October 2021, suggesting improved efficiency in utilizing fixed assets to generate sales. The ratio remained high in subsequent periods, with values ranging from 6.73 to 7.50.
However, there was a notable drop in the fixed asset turnover ratio to 2.42 by December 2022, which may imply a decrease in sales generated per dollar of fixed assets. The ratio fluctuated in the following quarters, showing values varying between 2.70 and 7.23.
The absence of data for the periods after December 2023 indicates a lack of visibility into the company's recent performance in terms of fixed asset turnover.
In conclusion, the fixed asset turnover ratio for Advance Auto Parts Inc has shown variability over the reported periods, with some fluctuations in efficiency in generating sales from its fixed assets. Further analysis would be needed to understand the factors contributing to these changes in the ratio.
Peer comparison
Dec 31, 2024